Be sure to check out the latest odds with online sportsbook Betway.
Folks, the Calgary Flames are a much different team than they were a year ago. They’ve undergone a lot of big changes to their roster, and the impact of those changes – and the beginning of the long-awaited retooling/rebuilding/re-(verbing) process – can be found in the off-season betting odds that have emerged.
As we hit the mid-July lull in hockey news, we thought we’d dig into the odds posted by our buddies at Betway.

Team odds

Making the playoffs: The Flames are listed at +250 (or 2.5-to-1) to make the playoffs. While that doesn’t sound too bad, only five teams have longer odds: San Jose, Columbus, Anaheim, Chicago and Montreal.
Winning the Pacific Division: The Flames are listed at +2,000 (or 20-to-1) to be the regular season Pacific Division winners. The two teams with longer odds are San Jose and Anaheim.
Representing the Western Conference in the Stanley Cup Final: The Flames are listed at +3,500 (or 35-to-1) to represent the West in the 2025 Stanley Cup Final. Four West teams have longer odds: San Jose, Anaheim, Chicago and Utah.
Winning the Presidents’ Trophy: The Flames are listed at +15,000 (or 150-to-1) to finish first overall in the regular season and capture the Presidents’ Trophy. Five teams have longer odds: San Jose, Montreal, Columbus, Chicago and Anaheim.
Winning the Stanley Cup: The Flames are listed at +6,600 (or 66-to-1) to win the Stanley Cup. Six teams have longer odds: San Jose, Columbus, Anaheim, Chicago, Utah and Montreal.
Do the odds-makers think the Flames will be incredibly, historically bad? It appears not. The seeming consensus from the various posted odds are the Flames are expected to finish sixth or seventh-worst league-wide, depending on how you want to interpret their view of Utah’s chances. In all the odds, San Jose, Anaheim, Chicago, Columbus and Montreal are listed as bigger long-shots than the Flames.

Individual odds

A few Flames have posted odds for individual trophies.
The player with the best odds to win an award is netminder Dustin Wolf, who’s +1,000 (or 10-to-1) to win the Calder Trophy as the NHL’s top rookie. He has the seventh-best odds, following Matvei Michkov, Logan Stankoven, Macklin Celebrini, Cutter Gauthier, Will Smith and Cole Hutson.
Wolf is also listed as a possibility to win the Vezina Trophy as the NHL’s top netminder, albeit with quite long odds. He’s +20,000 (or 200-to-1) to win, just ahead of teammate Dan Vladar at +25,000 (or 250-to-1).
MacKenzie Weegar has +15,000 odds (or 150-to-1) to win the Norris Trophy as the NHL’s top blueliner, a bit ahead of teammate Rasmus Andersson at +25,000 (or 250-to-1).
Finally, two Flames have listed odds for the Hart Trophy as the player most valuable to his team: Jonathan Huberdeau at +30,000 (or 300-to-1) and Nazem Kadri at +50,000 (or 500-to-1). For the curious, Huberdeau has the same odds for the Hart Trophy as Johnny Gaudreau.
What do you think of how the oddsmakers see the Flames relative to the rest of the league? Do you think they’re being underrated or overrated? Or properly rated? Let us know in the comments!